Mycleium is a bitcoin wallet that has been used by many users and also has been in the industry for many years. The reason why this is the best wallet is because of the reviews and the ratings they have. No competitor has the same amount of ratings in the entire Google Play Store. This makes us curious to take a look at.
Why Mycelium wallet?
We all know wallets are better than the e-banking application. It is just the way cryptocurrency users think. If you are already using wallets for the cryptocurrency, you should know why it is better.
They have hierarchical deterministic wallets by which you can use the master seed feature to derive the future bitcoin address. Along with that, single address accounts are allowed for people who love traditional things. They also support offline hardware device. You can also have a watch only account.
The other reason you should be using this wallet is because of the numerous integration it provides. Some of the integrations that are provided include Cashilam, Coinapult, Glider, Trezor ledger, etc. For the people who are trading and knows about cryptocurrency, they will be surely knowing about many of these.
Mycelium local trader is an in-person exchange that is actually a decentralized exchange and is inbuilt in the wallet. It is built into your wallet. You can directly trade the currency to any users without storing or holding the money in the local trader exchange. The reputation and ratings are calculated by the trades. Thus it is one of the best cryptocurrency wallets available in the market.
One of the most important things while talking about bitcoin transactions in about security. All the chats done in the mycelium wallets are secured with end-to-end encryption. This makes it secure to chat with anyone using the wallet. Only you and the person involved in the chat would be able to see the conversation that you are having.
Lastly, not to mention, it is a cryptocurrency wallet. So, privacy is taken full care of. You don’t need to worry about privacy.